Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares rose 7.8% on Thursday . The company traded as high as $6.90 and last traded at $6.77. Approximately 3,609 shares changed hands during trading, a decline of 79% from the average daily volume of 17,536 shares. The stock had previously closed at $6.28.
Falcon's Beyond Global Price Performance
The stock's 50 day simple moving average is $6.37 and its two-hundred day simple moving average is $6.89. The stock has a market cap of $922.62 million, a price-to-earnings ratio of 75.05 and a beta of -1.77.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.
Hedge Funds Weigh In On Falcon's Beyond Global
Several institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC bought a new stake in shares of Falcon's Beyond Global during the 1st quarter worth approximately $124,000. AllGen Financial Advisors Inc. bought a new position in Falcon's Beyond Global during the 1st quarter worth $209,000. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global during the 1st quarter worth $90,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Falcon's Beyond Global by 147.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after purchasing an additional 24,816 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global during the 4th quarter worth $89,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.
About Falcon's Beyond Global
(
Get Free Report)
Falcon's Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units.
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